"As of Wednesday, Bezos's net worth was listed as just under $249 billion by Forbes. Just last year, he spent an estimated $50 million on his wedding. He reportedly owns a $500 million yacht that is so big it has its own mini-yacht. His company, Amazon, just spent $75 million on a propagandistic movie about President Trump's wife. When current Post CEO Will Lewis took over operation of the paper in 2024,"
"If the paper's losses were to be reasonably estimated at $100 million a year, which reports say is the amount the paper lost in 2023, Bezos could cover these losses personally and they would amount to a rounding error for him, far less than he loses or gains in a day with fluctuations in the stock market. If Bezos paid out $100 million to the paper today, his Forbes-listed net worth would go from $248.7 billion to $248.6 billion."
The Washington Post is laying off one-third of its staff amid ongoing losses. Jeff Bezos’s net worth is listed just under $249 billion. The paper reportedly lost $177 million over two years and about $100 million in 2023. Bezos purchased the paper for $250 million in 2013, roughly $345 million in today’s dollars, while his wealth has multiplied ninefold since. Bezos has spent large personal and corporate sums, including an estimated $50 million wedding, a reported $500 million yacht, and Amazon’s $75 million film expenditure. A $100 million annual subsidy would be negligible relative to his wealth.
Read at Truthout
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